The Fair Bet Act Just Took A HORRIBLE Turn For Sports Bettors | Presented by Kalshi

8 snips

Sep 12, 2025

Join Mr. Peanut Bettor, a savvy sports bettor from the Circle Back crew, and Joey Knish, host of Hit the Books, as they tackle the latest twists in sports betting. They delve into the ramifications of the Fair Bet Act’s rejection, dissect Steve Fezzik's Week 2 strategies, and share hot takes from the gambling world. With humor and insight, they explore the emotional dilemmas of betting against favored teams and emphasize the evolving dynamics of sports betting legislation. Tune in for valuable strategies and engaging discussions!

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INSIGHT

Fair Bet Act Chances Slim

The Fair Bet Act repeal looks unlikely before 2026 and market odds dropped accordingly.
Flup suggests Treasury could redefine a "session" to mitigate damage if Congress doesn't act.

ADVICE

Push For A Treasury Session Rule

Consider the Treasury defining a "session" (e.g., a quarter) to limit tax deduction abuse.
That rule could reduce incentive for blatant tax fraud while keeping some pro bettors in compliance.

INSIGHT

Exchange Settlement Ambiguity

Calci markets face ambiguous settlement rules on player inactives and last-traded price timing.
Flup recommends clear void rules or 'all-or-nothing' pricing to avoid predatory trades.

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